Targeted Temperature Management market size was around USD 2.45 billion in 2018. It is expected to grow at a CAGR of 2.8% to reach USD 2.82 billion by 2023.

Reduction in the loss of blood during surgeries, reduced risks of neurological disorders post cardiac arrests, rapid post-surgery recovery and decreasing risks of SSIs are few of the benefits offered by temperature management devices. These benefits further reduce the stay at hospitals thereby, reducing the health care costs by augmenting the healthcare infrastructure with the use of patient temperature management devices.